Client is one of the leading distributors in the Asia Pacific Region
Challenges
The client was facing a short-term financing gap to sustain its ongoing operations due to the coronavirus pandemic, severely impacting its customers which led to an increase in past due receivables.
Actions & Solutions
Client engaged CCR Finance to develop and execute fundraising solutions that would support the business sustainably covering the following:
Recommend a strategic business plan to negotiate with new lenders and financiers to increase source of liquidity and working capital
Connect with new lenders and financiers for suitable receivables financing solutions to monetize its growing pool of receivables